Looking to diversify beyond OKTG? The ETFs below have historically moved differently from OKTG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OKTG
1067 ETFs have low correlation with OKTG (below 0.3), 57 of which are negatively correlated. The least correlated is First Trust North American Energy Infrastructure Fund (EMLP) (Infrastructure Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -0.25 | -0.25 | -0.25 | 80 | Infrastructure Equities, MLPs | OKTG vs EMLP | |
| iShares Infrastructure Active ETF | -0.23 | -0.23 | -0.23 | 81 | Infrastructure Equities, Utilities Equities | OKTG vs BILT | |
| iShares Core High Dividend ETF | -0.13 | -0.13 | -0.13 | 92 | Dividend, Large Cap Value Equities | OKTG vs HDV | |
| JPMorgan Realty Income ETF | -0.13 | -0.13 | -0.13 | 52 | REIT | OKTG vs JPRE | |
| iShares Cohen & Steers REIT ETF | -0.12 | -0.12 | -0.12 | 54 | REIT | OKTG vs ICF |
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